First Versatile SmartCard Solutions Corporation is a Philippine-based, SEC-registered company that introduced the first pre-paid contactless cash card, Versacard on December 2006.
Versacard is a multiple application electronic purse on a smart card. Simply put, it is an electronic payment system using a pre-paid contactless cash card. It can be used to pay for your purchases/transactions in transport systems, convenience stores, fastfood outlets, gas stations, drugstores, supermarkets, ATMs, cellphones, vending machines, toll roads, parking, and other commercial establishments as well as pay for your bills.
Early possible tie-ups include LRT I and II, LRT I and II stalls, Araneta Center, McDonalds, 7-Eleven, Union Bank, PNB, Landbank, G-Cash and many others to follow.